PulteGroup (BSP:P1HM34) Interest Expense : R$-2 Mil (TTM As of Mar. 2024)

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What is PulteGroup Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PulteGroup's interest expense for the three months ended in Mar. 2024 was R$ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was R$-2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. PulteGroup's Operating Income for the three months ended in Mar. 2024 was R$ 4,041 Mil. PulteGroup's Interest Expense for the three months ended in Mar. 2024 was R$ -1 Mil. PulteGroup's Interest Coverage for the quarter that ended in Mar. 2024 was 7,052.70. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PulteGroup Interest Expense Historical Data

The historical data trend for PulteGroup's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PulteGroup Interest Expense Chart

PulteGroup Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-2.40

-21.86

-2.84

-1.49

-2.30

PulteGroup Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.56	-0.58	-0.59	-0.60	-0.57

PulteGroup Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-2 Mil.

PulteGroup (BSP:P1HM34) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PulteGroup's Interest Expense for the three months ended in Mar. 2024 was R$-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was R$4,041 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was R$12,406 Mil.

PulteGroup's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4041.197	/	-0.573
	=	7,052.70

The higher the ratio, the stronger the company's financial strength is.

PulteGroup (BSP:P1HM34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » PulteGroup Inc (BSP:P1HM34) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PHM:USA PHM:Mexico PU7:Germany

Address

3350 Peachtree Road NE, Suite 1500, Atlanta, GA, USA, 30326

Website

https://www.pultegroupinc.com

PulteGroup Inc is one of the largest homebuilders in the United States, operating in 42 markets across 24 states. The company mainly builds single-family detached homes (85% of unit sales) and offers products to entry-level, move-up, and active-adult buyers. PulteGroup offers homebuyers mortgage financing and title agency services through its financial services segment. The company is headquartered in Atlanta.

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